The state of Rajasthan has earned
Rajasthan's economy is primarily agricultural and pastoral. Wheat and barley are cultivated over large areas, as are pulses, sugarcane, and oilseeds.
Cotton and tobacco are the state's cash crops. Rajasthan is among the largest producers of edible oils in India and the second largest producer of oilseeds. Rajasthan is also the biggest wool-producing state in India and the main opium producer and consumer. The main crops of the state are barley, bajra, cumin seeds, rabi oil, mustard and cotton.
Mining and Mineral Industry
Rajasthan is pre-eminent in quarrying and mining in India and the state boasts of huge mineral reserves & produces many minerals like clay, copper, silver, zinc, garnets, granite, and many others.
*The government has reduced royalty charges to facilitate further exploration of its mineral wealth.
This state is the second largest source of cement in India and many important cement plants are in this state as it holds the capacity for production of about 13 million tonnes.
It has 2,500 mt cement reserves. As the demand is rising domestically by 8–9%, it can be a major gross earner for the state economy.
The state of Rajasthan has major tourist attraction, and tourism constitutes more than 15% of Rajasthan's economy.
Rajasthan is the most popular tourist destination in India, for both domestic and international tourist blessed with natural beauty and a great history. The state is famous for its historical forts, palaces, sanctuaries, museums, art and culture accounting eight percent of the state's domestic product.
*The government has also brought down the luxury taxes to boost this industry further and attract more investors.
Jewellery and Gems Industry
Gems & Jewellery constitute 15% of India's export, of which a significant contribution comes from Rajasthan.
Cities like Jodhpur and Jaipur are the prominent centers for Jewellery. Besides this Rajasthan leads in the production of colored stones and gems and has many skilled professionals making it a very promising industry for exponential growth.
Oil and Gas Industry
Rajasthan earning is expected to be somewhere around 250 million per day from the crude oil sector in the near future and with the Government of India giving permission to extract 300,000 barrels of crude per day from Barmer region Rajasthan could soon become a leader in the Crude extraction of the Country.
This sector is really promising as a large part of the state is still unexplored, the scope is tremendous. The exploration of these reserves will provide further avenues of oil refining, gas distribution, power stations, and other petrochemicals.
Rajasthan has made considerable investment in communication infrastructure, research & development facilities for training and skill enhancement and is now a highly competitive destination for IT/ITeS
The state has a vast cost competitive talent pool and is the India's largest Special Economic Zone (SEZ) for IT/ITeS companies in Pvt. Sector. It has a highly attractive Tier-2 location compared to traditional Tier-1 location and competitive incentive package with well developed internet connectivity.
Rajasthan has made significant strides in the last few years in the power sector because the state is India's leading state in tapping wind energy for power generation.
Given the high solar radiation in the western region of the State, a whopping 1.5 lakh MW energy is estimated to be lying untapped. Besides this, Rajasthan is fast catching up for tapping biomass energy and total installed thermal power capacity in the state is 4598MW.
Another big advantage of investing in Rajasthan is that 58% area of the state falls within the influence area of Mumbai Industrial Corridor (DMIC) it is going to play a significant part in making India a "Global Manufacturing and Trading Hub".